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Brent slips in choppy session as investors weigh attacks on ships, Saudi infrastructure
U.K. stocks lower at close of trade; Investing.com United Kingdom 100 down 0.32%
Spain stocks higher at close of trade; IBEX 35 up 0.28%
We underestimated demand for air con, admits head of Britain’s grid operator
UK jobs market stabilises before Budget
Iran-US Negotiations Continue Amid Mixed Market Reactions
Netflix Set to Report Earnings Amid Focus on Ad-Supported Business and M&A Potential
European Stock Markets Close Mostly Lower Amid Middle East Tensions
Elon Musk Donates $158 Million to Ken Paxton's Senate Campaign in Texas
Disney’s Former CEO Is Getting $100,000 a Month as Activist’s Nominee for Vail Board
Prudential sheds Brazil, Mexico units to CNP for $4 billion as it narrows its focus
Poland stocks lower at close of trade; WIG30 down 0.20%
European stocks extend slide as French protests dent risk appetite
Iran-U.S. Negotiations Ongoing Amid Misleading Reports
Trump Administration Considered Military Strikes on Iran
WestJet Bonds Slide to Record Low as Fuel, Trade Tensions Rise
Treasuries Rise as Oil Retreats From Highest Levels in Weeks
GM Plans $20 Billion in Buybacks, but Warns of Bumpy 2027
Salesforce deepens AI bets with $5.66 billion Braze deal
Turkey stocks higher at close of trade; BIST 100 up 3.22%
Citadel's Esposito on Bank Partnerships, Fixed Income Growth
Citadel Looking to Grow in Fixed Income, Esposito Says
Netanyahu Discusses Iranian Regime with Trump
Why is Loblaw stock climbing today?
China criticizes US ban on DeepSeek AI from federal systems
Trump Tariffs on Canada Spark Latest Lawsuit Over Trade Powers
Sherritt dice que obtuvo licencia de EE.UU. para rescatar mina en Cuba
TransUnion Launches New Tools to Combat Synthetic Identity Fraud
ScribeUp Secures $13 Million in Series A Funding for AI Bill Management Solution
Anthropic Negotiates Second Multibillion-Dollar Deal with Neocloud Nscale
Uber y WhatsApp conectan el mercado negro de GLP-1 de Brasil
Oil falls more than 2% after unconfirmed report of ’middle ground’ U.S.-Iran deal
Brent slips in choppy session as investors weigh attacks on ships, Saudi energy
Starboard’s Smith unveils stake in Solstice, presses for improvements
Starboard takes stake in Solstice Advanced Materials, says trading cheap
Stocks Rise as US-Iran Hopes Trigger Oil Decline: Markets Wrap
Tradeweb to Acquire Trumid for $1.97 Billion
CoreWeave Bonds Experience Significant Decline Amid Rising Credit Pressure
Former Richmond Fed chief to oppose discount window reform
European Gas Prices Slump After Climbing to Four-Year Highs
AI Fears Roar Back, Tech Earnings on Deck
Sullivan & Cromwell to double London office space as US firms shake up UK legal market
Cross River Bank to Acquire Loyalty Platform Accrue
GBP/USD Surges Above 100-Day Moving Average Amid US-Iran Tensions
Wall Street gains as healthcare stocks rally, oil prices fall
Norway stocks lower at close of trade; Oslo OBX down 0.59%
Colombian Congress approves budget allocations, cuts funding to peace deal
Iraq’s crude exports ‘back to pre-war levels’, says minister
Eni project boosts Egypt’s local gas production
Hungary Holds Key Rate With Budget and Euro Path In Focus
Google Cloud outage causes disruption across UK banks
City & County Credit Union Partners with Mahalo Banking for Digital Transformation
Argentina's Country Risk Exceeds 700 Basis Points, Reaches Highest Level Since October 2025
US Energy Under Secretary Addresses Rising Diesel Prices
GM shares sink as automaker signals rising cost pressures
CRWV technical floors: key support levels to watch
Swiss air traffic control operates at half capacity after technical fault
Dollar dips on AI worries, euro edges up despite French unrest
S&P 500 Rises as Chipmakers Rebound and Oil Falls: Markets Wrap
Elice Plunges in Trading Debut; General Motors Falls on Forecast | Stock Movers
US pending home sales fall to record low as mortgage rates surge
SEC and AMF Announce Supervisory MOU To Enhance Cooperation for Investment Advisers and Investment Service Providers
Ramp Seeks US National Bank Trust Charter
Webull to debut crypto-linked perpetual futures in November
Freeport-McMoRan options signal 4% move on earnings next week
GE’s CEO Says ‘More Work to Do’ on Boeing 787 Engine Deliveries
US single-family housing starts plunge; building permits hit 3-1/2-year low
A ‘Doom Loop’ Threatens France as Populism Confronts Markets
S&P 500 Rebounds as Big Bank Stocks Climb, SpaceX Results Loom
U.S. Treasury Secretary Claims Energy Shock May Be Easing
During a recent appearance on 2WAY TV, U.S. Treasury Secretary Scott Bessent stated that the country may be on the "other side of the energy shock." This assertion comes amid ongoing fluctuations in crude oil prices, which have seen significant increases since the onset of geopolitical tensions earlier this year.
As of today, December crude oil futures reached $101.37 before slipping below the $100 mark, representing a 0.78% increase. This price is approximately 49% higher than the $67 level seen before the conflict began on February 28. While Bessent suggests that the worst of the initial price spike may be over, he cautioned that the market's price action must confirm this narrative.
Traders are closely monitoring key technical levels to assess market dynamics. Current support zones are identified between $97.00 and $98.48, with further critical benchmarks at the 100-hour moving average of $96.83 and the 200-hour moving average at $94.46. A sustained move below these levels could indicate a shift in market control from buyers to sellers, although the overall technical bias remains tilted towards higher prices for now.
© 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Source: KLEA News